Dementia and long-term care are at the forefront now more than ever. It is important to take the necessary steps in order to ensure that you're adequately prepared for the possibilities of the future.
I was recently asked to comment on which kind of insurance is better suited for clients who have concerns of dementia: disability insurance or critical illness. Of course, the first thing that came to my mind was long-term care insurance.
“The solution to coverage for clients with dementia is one that is rarely recommended by advisors and even less frequently thought of by consumers.”
Here is an article which explains long-term care insurance in greater detail.